Covidien (NYSE:COV) said it’s searching for a new CFO after Charles Dockendorff announced his plans to retire from the company at the end of 2014.
Dockendorff has been with the company since 1989, serving in a variety of finance-related roles. He was named CFO of Covidien predecessor Tyco Healthcare in 1995, helping lead the company to $10 billion in sales in 2007.
“Chuck’s extraordinary leadership over the last 25 years has contributed directly to our global growth and the value we have created for shareholders. We anticipate a seamless transition and are pleased to have the benefit of his experience and counsel during the transition period,” chairman, CEO & president José Almeida said in prepared remarks.
Dockendorff will assist in the search for his successor and serve as an advisor, since the company does not have a immediate option at this time.
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